Head of Risk, Compliance and AML

Strategic & General Accountabilities:

Participates in the annual strategy meetings to identify the company’s corporate objectives while ensuring the integration and alignment of the Risk, Compliance and AML strategic objectives within the overall company strategic plans.

Prepares the Risk, Compliance & AML department budget, obtains CEO approval and monitors deviation versus plan.

Cascades the department objectives to the Risk, Compliance & AML Officers, ensuring that clear KPIs and action plans are clearly communicated. Monitors their execution and achievement.

Ensures the updates of the Risk, Compliance & AML Department Policies and Procedures Manual and its timely communication to all relevant stakeholders.

Recommends and communicates system and software changes to the IT Manager and guides the plan for rollout and implementation within own department.

Attends Board and Subcommittee meetings (when invited); leading and supporting all Risk, Compliance & AML related discussions for Amlak Egypt.

Maintains the organizational culture, values and reputation in the market with all the staff, customers, suppliers, partners and regulatory/official bodies.

Risk Management Accountabilities:

Develops and maintains Enterprise Risk Management (ERM) Framework in line with the Amlak Egypt Risk Appetite and strategic directions.

Ensures the effective and timely implementation of the risk assessment process across all Amlak Egypt departments. Reviews and analyses the Risk Heat Map and the identified mitigation plans to ensure they serve business continuity.

Reviews Amlak Egypt Risk Register and monitors the implementation of all risk mitigation plans in a timely manner by the relevant stakeholders and provides them with support when needed.

Prepare and submit periodic risk reporting to CEO and Risk Management Committee for decision making purposes.

Conducts regular training and orientation sessions to HoDs and new hires to expand and instill an integrated risk culture awareness in the organization.

Prepares and presents Key Risk Indicators (KRIs) for each department. Reviews periodical KRIs analysis outcomes presented by the team and provides feedback to HoD for improvement and to CEO for decision-making purposes.

Cooperates with Internal Audit on identified audit gaps, identifying their risk level and ensures devising sound audit-based risk mitigation plans that ensure business continuity and continuous process improvement.

Compliance & AML Accountabilities:

Oversees the day to day tasks of the Compliance function comprising but not limited to: Know Your Customer (KYC) reviews, Anti Money Laundering (AML), Large Exposure, Central Bank of Egypt (CBE), Financial Regulatory Authority (FRA) and other regulatory returns and reports.

Analyses, assess all notices, circulars, new laws and regulations issued and ensure their tight integration in Amlak Egypt Risk Management framework. Also ensures, the timely communication of such changes to all AMLAK Senior Management for needed actions.

Assesses and flags transactions of suspicious nature, whether identified through our customer reviews or through the monitoring review activities, and provides timely mitigation plans to CEO and Risk Committee for immediate action

Manages the regulatory inspections process to ensure compliance by all departments and with the stipulated laws and executive regulations in their corresponding policies & procedures.

Reports on a regular basis to the senior management, on compliance updates, new regulations, identified breaches and/or deficiencies and corrective actions taken.

Conducts regular training and orientation sessions to HoDs and new hires to expand and instill culture of Compliance in the organization.

People Management Accountabilities:

Conducts performance appraisal sessions with the subordinates and ensures that the performance evaluation process is carried out on time and in an efficient and objective manner.

Sets the development plans and training needs for the immediate subordinates and follows up on the execution of the allocated training / program and evaluates its success.

Requirements

Bachelor’s degree in a business-related field from an accredited university.

Minimum of 7 years’ experience in Risk and Compliance function in the Banking or Financial Service Industry.

Risk Management certifications and/programs is a plus.